Trading chiefs fear Mifid II will scare off bond liquidity

Regions outside the EU's jurisdiction could profit from new rules, CEOs warn

By

Samuel Agini

September 12, 2017 Updated: 4:03 p.m. GMT

The heads of four large fixed income venues have urged European regulators to review incoming rules they fear could drive trading activity away from the region.

The comments from the chief executives of MarketAxess, MTS Markets, NEX Group and Tradeweb, come as the trading industry increasingly presses rulemakers to address unintended consequences of the giant revised Markets in Financial Instruments Directive, which comes into effect...